T. Rowe Price exited September 2026 with $1.863 trillion in assets under management, down 1.6% sequentially but up 5.4% year over year. Third-quarter revenue rose 5.9% year over year to $2.0 billion, with adjusted operating margins declining from 40.9% in the year-ago period to 40.4%.
With $1.897 trillion in AUM at the end of August 2026, T. Rowe Price is one of the larger US-based asset managers. Retirement accounts and variable-annuity portfolios, which tend to be stickier than retail assets, account for close to two-thirds of managed assets.
The firm's equity performance remains weak, with just 25% and 26% of US fund AUM beating passive peer medians on a three- and five-year basis, respectively, at the end of June 2026.
Metric | TROW | IVZ | BEN |
|---|---|---|---|
Price/Earnings (Normalized) | 10.26 | 10.91 | 11.68 |
Price/Book Value | 2.03 | 1.24 | 1.55 |
Price/Sales | 3.03 | 1.81 | 1.96 |
Price/Cash Flow | 15.91 | 6.58 | 19.05 |
Metric | TROW | IVZ | BEN |
|---|---|---|---|
Quick Ratio | 10.60 | 6.66 | 3.10 |
Current Ratio | 10.60 | 6.66 | 3.10 |
Interest Coverage | — | −0.93 | 21.00 |
Metric | TROW | IVZ | BEN |
|---|---|---|---|
Return on Assets (Normalized) | 15.27% | 4.24% | 4.72% |
Return on Equity (Normalized) | 20.88% | 11.54% | 13.70% |
Return on Invested Capital (Normalized) | 17.25% | 5.55% | 5.31% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| BlackRock Inc BLK | LOCK|jLLfVCy | LOCK|T^ | $188B | |||
| Blackstone Inc BX | LOCK|>v<&%< | LOCK|qt | $94B | |||
| KKR & Co Inc Ordinary Shares KKR | LOCK|BRWhyrY | LOCK|HSc? | $87B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A BAM | LOCK|S%BQH? | LOCK|SP^yh | $82B | |||
| Apollo Global Management Inc APO | LOCK|#!xkR&h | LOCK|%hFS | $72B | |||
| State Street Corp STT | LOCK|yc%>n@G | LOCK|^$$ | $47B | |||
| Ameriprise Financial Inc AMP | LOCK|p?FmD! | LOCK|t$<% | $45B | |||
| Raymond James Financial Inc RJF | LOCK|mPrtwV | LOCK|<<ng | $32B | |||
| Northern Trust Corp NTRS | LOCK|$$&WYMn | LOCK|m%@ | $32B | |||
| Ares Management Corp Ordinary Shares - Class A ARES | LOCK|^CMf^# | LOCK|$JPf | $30B |
United States